Tom from @tom.tpf joins me on this podcast episode to discuss 10 of the top ETF mistakes that investors make.
Investing into too many different ETFs, not understanding what an ETF actually invests in, how FX impacts returns, only focusing on an ETFs fee, just to name a few.
Listen to the podcast episode for the full details!
Other useful episodes mentioned:
1. What To Look For When Selecting An Index Fund or ETF - https://open.spotify.com/episode/2sdBm4cFYer5ljiQAGZNC3?si=ZnEqarGUTj6ShWVVma2m_A
2. Are UK Investors Worse Off Than US Investors Due To FX? - https://open.spotify.com/episode/2JorWR1NOSYW1vhkEX31Si?si=XJabxL9cT-S0kbxvVJzZTA
-----------------------------------------
More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
-----------------------------------------
📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
I've been investing for over 8 years and have built my investment portfolio to £180,000.
In this podcast episode, we go through the 10 most important lessons that I've learnt along the way.
Listen to the podcast episode for the full details!
-----------------------------------------
More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
-----------------------------------------
📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
Georgiy from @Funancialism joined me on this episode of the podcast to discuss ‘alternative investments’.
Including his investments into Pokémon cards and one piece cards.
I’m a complete beginner in this space, so was asking as many beginner questions as possible.
Georgiy dropped a lot of gems and facts, going on to say that everyone should have at least 1% of their portfolio in alternative investments.
Listen to the podcast episode for the full details!
-----------------------------------------
More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
-----------------------------------------
📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
The 10 most important things that changed that you need to know after the UK 2025 Budget yesterday.
Plus, 8 things that didn't change (that you should still know about).
What did you make of the budget? Let me know in the comments below.
Listen to the podcast episode for the full details!
-----------------------------------------
More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
-----------------------------------------
📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
In this podcast episode, I answer a question from Scott.
The question was: 'Have you ever covered how to invest when you’ve maxed out your 20k isa allowance?'
We go through the options, starting with a pension and a general investment account (GIA), before moving onto more niche options and some other ideas - from SEIS/EIS/VCT to crypto and gold and more.
We also cover limited companies and the 'order of investing priority', including some scenarios of what investment accounts to prioritise based on your situation.
Listen to the podcast episode for the full details.
Timestamps:
0:00 - Question from Scott
1:53 - Pension
3:20 - Workplace pension or SIPP?
4:38 - General investing account
6:55 - Accounts are ‘wrappers’
7:38 - SEIS and EIS
9:13 - VCTs
10:33 - Other options - property
11:11 - Crypto
11:43 - Gold
12:35 - P2P lending
13:05 - S&S Lifetime ISA
14:04 - Don’t forget saving goals
15:29 - Limited company investing
16:30 - ‘Order of investing priority’
20:51 - Summary
22:53 - Outro
-----------------------------------------
More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
-----------------------------------------
📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
Gold is up big in 2025, but should you invest in it? And if so, how?
In this episode, we break down everything you need to know about gold as an investor. From what actually drives gold’s price, to its long term returns (including the real return after inflation), to how much of your portfolio you may want to allocate - the ultimate beginner-friendly guide.
We then dive into the 5 main ways to invest in gold, including the pros, cons, fees, and tax implications of each option.
These options include: physical gold, ETCs, ETFs, gold mining stocks and digital gold.
In this podcast episode, I answer a question from Jiani.
This is a great question and a fairly common question one - is it better to 'lump sum' invest or 'drip feed' / 'cost average' invest.
We go through the data, the pros and cons of each approach, some real life examples, what I personally do, and more, in this podcast episode.
Listen to the podcast episode for the full details.
Timestamps:
0:00 - Question from Jiani: Cost averaging vs Lump sum
1:24 - What is the difference?
2:45 - What the data shows
4:17 - Why lump sum investing wins
5:13 - Why cost averaging/drip feeding might still be better
7:09 - When does each strategy work best?
8:31 - Some real life examples
10:17 - The ‘lost decade’ where drip feeding won
12:08 - The final verdict
13:23 - What do I do?
14:4 - Outro
-----------------------------------------
More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
-----------------------------------------
📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
Mat from @thequidsquid joins me on this episode to discuss all things budgeting.
From different budgeting methods, to budgeting techniques, to useful budgeting tools and apps, to juggling your budget whilst investing and saving.
Mat shares how he used budgeting personally to save for his own house. As well as how to go about budgeting the average UK salary of £35,000.
Listen to the podcast episode for the full details!
Timestamps:
0:00 - Intro
1:17 - Different budgeting methods
3:25 - 50/30/20 budgeting
7:39 - What techniques did Mat follow to save for a house
9:45 - Zero-based budget
14:14 - Budgeting for investing
17:13 - Other budgeting tips - mindset, LISAs
22:23 - How to budget the average £35,000 UK salary
26:25 - How much should you save/invest?
31:08 - Budgeting apps and tools
36:34 - Using multiple accounts
41:26 - Final quickfire budgeting tips
-----------------------------------------
More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
-----------------------------------------
📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
Tom from @tom.tpf joins me on this podcast episode to discuss a very important question what is the best global ETF for UK investors?
As Tom and I discussed on our previous podcast episode, investing really can be made simple - invest into a global fund and do this consistently for decades.
However, which global ETF is best? There are many to choose from and the jargon can be confusing. So, in this episode we compare 5 of the most popular global ETF options.
What makes them different? Primarily the number of underlying holdings (essentially the number of stocks in the ETF) and the fees that they charge.
We go through each of the ETFs and then conclude on which one (or ones) are the best for investors.
This episode will be very helpful if you're a long term global fund investor.
Listen to this podcast episode for the full details.
Timestamps:
0:00 - Intro
0:58 - Why use a global fund?
1:45 - Some global fund aren’t truly global?
4:55 - FTSE All World - VWRP & FWRG
9:02 - MSCI ACWI - SSAC & ACWI
15:35 - Solactive GBS Global Markets - PACW
21:35 - Which one is best?
26:47 - Final thoughts
-----------------------------------------
More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
-----------------------------------------
📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
Will from @nextgenngpf joins me on this podcast episode to explain exactly how he has built his own investment portfolio from £0 to £15,000 by age 23.
This includes what specific platforms to look into and what specific ETFs to consider investing into.
Investing seems very complicated, which is why reason why many people never start. But it can be made very simple and very passive.
Will runs us through his exact approach on how he's done that, his mistakes along the way, as well as how to plans to keep building his portfolio moving forward.
If you're looking to start investing, this podcast episode will be a massive help.
Timestamps:
0:00 - Will’s top 3 tips for beginner investors
4:51 - Investing mistakes to avoid
8:28 - How can a beginner investor actually start investing?
13:14 - What Will invests into in his investment portfolio
20:26 - Does investing need to complicated?
22:20 - Money psychology investing lessons
25:25 - Investing book recommendations
28:24 - Will’s future investing plans
30:42 - Outro
Listen to this podcast episode for the full details.
-----------------------------------------
More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
-----------------------------------------
📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
Tom from @tom.tpf joins me on this podcast episode to go through exactly what to look for when selecting an index fund or ETF to invest in.
Investing really can be made simple - invest into a global fund and do this consistently for decades.
However, how can you pick a fund? What should you look for?
It can get a bit technical. And in this episode we run through the nitty gritty of exactly what criteria to look for when selecting a fund.
This includes the underlying holdings, tracking errors, fees, fund size (or AUM 'Assets under management), and more.
On top of this, when it actually comes to then picking a fund on an investment platform and actually investing your money, there are a few more important differences.
What are they? They are differences in the fund provider, how dividends are treated and currency.
This episode will be a very valuable listen if you are planning to invest into funds for the long term.
Timestamps:
0:00 - Intro
1:34 - What is an ETF?
2:25 - Why is this a good way to invest?
3:54 - UCITS
5:11 - Underlying holdings
9:38 - Fees
11:39 - Domicile
13:50 - Tracking Error
17:09 - Fund size, bid ask spreads, liquidity
20:14 - Method of replication
24:13 - Fund provider
26:04 - Income vs Accumulation
28:45 - Currency
33:16 - Summary
Listen to this podcast episode for the full details.
-----------------------------------------
More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
-----------------------------------------
📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
Neil from @NeilInvests joins me on this podcast episode for a fascinating and insightful chat where we discussed his entire investing journey to date and his future investing plans.
For context, Neil is currently in his 40's and is planning to build his Stocks & Shares ISA portfolio to £500k+ to enable an earlier retirement.
Neil runs us through the specific investment platform he uses, why he uses a Stocks & Shares ISA, and why he specifically invests into the S&P 500 and FTSE All World.
But that's not all. We cover his biggest investing mistakes, favourite investing books, why he doesn't plan to invest into bonds, how he plans to live off of his investment portfolio, and a lot more.
Listen to this podcast episode for the full details.
Timestamps:
0:00 - Intro
1:15 - Neil’s overall approach
4:45 - Neil’s investing journey and mistakes
10:10 - The difficulty of stock picking
12:20 - Do you need a financial advisor?
14:36 - Why did you choose Trading212?
18:58 - Why a Stocks & Shares ISA?
24:05 - Why the Vanguard S&P 500 Income ETF and Invesco FTSE All World Income ETF?
27:10 - US or Global ETF?
28:50 - Crypto investing
31:36 - Why use Income/Distributing ETFs?
34:40 - Neil’s exit plan to live off of his investments
38:34 - What about bonds?
41:09 - Will you take the pension tax-free lump sum?
43:25 - Book recommendations to get started investing
46:01 - Outro
-----------------------------------------
More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
-----------------------------------------
📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
With Bitcoin back at all time highs I've received a few questions on cryptocurrency recently, so I thought I would collate them all into one podcast episode where I run through my exact crypto approach and strategy.
From the platforms I use, to cryptos I invest in, to how I store my crypto.
We discuss all of this and more in this episode.
Timestamps:
0:00 - Intro
1:19 - Crypto market cap
2:14 - How many are there?
2:47 - The biggest cryptos
3:57 - Recent updates
4:27 - My overall strategy
6:50 - Platform to use
9:06 - Cryptos I invest into
12:24 - How to store crypto
14:18 - My approach recap
15:01 - Crypto taxes
16:30 - Indirectly invest into crypto in your ISA and Pension
17:42 - Crypto ETFs
18:15 - How to stay safe
18:42 - Books to read
19:45 - Outro
Listen to the episode for the full details.
-----------------------------------------
More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
-----------------------------------------
📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
Massive shoutout to Ian who asked these brilliant questions.
From transferring defined benefit and defined contribution pensions, to comparing the index providers of FTSE and MSCI, from UK stocks and their fees, to investing into bonds, and a lot more. This episode has a little bit of everything. Timestamps for each question are below.
And if anyone is keen to get involved in a future 4-week investing crash course, give me a shout and I'll add you to the waitlist (IG - makingmoneysimple, email - makingmoneysimple1@gmail.com).
Timestamps:
0:00 - Intro
1:07 - Fees for non-UK stocks? Plus, should we focus on UK-listed stocks?
3:22 - And what about ETFs?
4:22 - Why are UK stocks listed in pennies?
5:53 - Can a company create new/more shares?
7:41 - And what about a company buying back shares?
8:34 - Index funds: FTSE vs MSCI?
11:22 - How to differentiate between indexes?
12:39 - Back to FTSE vs MSCI?
15:01 - Will the Cash ISA allowance be reduced?
16:06 - Are bond investments worthwhile?
17:58 - What is my personal annual rate of return?
19:19 - Has my portfolio recovered after the 2025 market drop?
21:31 - Pensions introduction
22:22 - Can any pension be transferred?
29:03 - Outro
Listen to the episode for the full details.
-----------------------------------------
More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
-----------------------------------------
📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
What happens if the dip keeps on dipping?
When the market falls, no one knows: 1. How big the fall with be. 2. How long the fall will last. 3. When the market will bounce back.
This is exactly why I don't personally 'buy the dip'. Long story short, because it's impossible to time the best time to invest. Which is why only investing when the market ‘dips’ is a losing strategy over the long term.
The much better strategy - in my opinion - is the following two steps:
1. Stay invested
At all times. After all, I don’t need this money for the long term. And it’s impossible to time the right moments to buy and sell.
2. Keep investing
‘Cost averaging’ by investing every single month. No matter what.
I do this personally by primarily investing into low cost global index funds and ETFs. No need to overcomplicate your investing strategy.
Then let time and compound interest grow your wealth
Listen to the episode for the full details.
-----------------------------------------
More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
-----------------------------------------
📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
The stock market has been rough in 2025. Both the US stock market and global stock market are down heavily since the beginning of 2025.
Time to panic? I don't think so.
As we go through in this episode, the big mistake that people often make at these uncertain moments is panic selling. We need to avoid that.
Not just because it is impossible to 'time' when to get back into the markets, but also because the historical data backs up that these types of falls happen regularly in the stock market. And these falls might even be a good thing if you're a long term investor...
What am I doing? Not panic selling, continuing to hold my investments and continuing to invest.
What should you do? During this episode I share the 4 things that you should do - right now - in my opinion.
Listen to the episode for the full details.
0:52 - What's the damage so far?
3:12 - Stock market crash stats from history
5:51 - The big mistake people make
7:17 - My losses & why this could be good
10:14 - Why do optimists win?
13:04 - What should you do?
15:05 - Summary
-----------------------------------------
More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
-----------------------------------------
📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
Alex from @wealthbyAlex joins me on this episode of the podcast to discuss all things pension. This episode really is a 'crash course' in absolutely everything that you need to know about pensions.
Alex is extremely knowledgeable on pensions and if you have any type of pension then this episode will be extremely helpful to allow you to cut through the noise and jargon surrounding pensions.
Pensions are often misunderstood, but they are one of the best (if not the best) ways to grow our wealth and then retire one day.
In this episode we discuss the state pension, defined benefit pensions (DB) and defined contribution pensions (DC). On this last one, these DC pensions include both workplace pensions and SIPPs (self invested personal pensions).
We ran through common misconceptions, how to make the most of your pensions, when to consider switching platforms, fees, funds, and a lot, lot more (timestamps below).
Listen to the episode for the full details.
0:00 - What is a pension
3:02 - The 3 types of pension
7:27 - Defined benefit (DB) pensions
13:32 - How does a workplace pension work
23:00 - Common pension misconceptions
25:30 - Making the most of your workplace pension
32:30 - SIPPs (private/personal pension)
37:26 - Moving workplace pension to a SIPP
45:32 - Limited companies and pensions
46:51 - Stocks & Shares ISAs vs Pensions
-----------------------------------------
More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
-----------------------------------------
📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
Will the stock market crash? If so, when will it happen? When it does happen, when will the bottom be? And when will it bounce back to a new high?
These are all great questions that we discuss in this podcast episode.
Spoiler alert though - I have no idea. And no one else does either.
'Timing the market' is impossible.
Whilst the stock market is currently 'high', it could go even higher. Or there could go a massive crash tomorrow. Unfortunately no one knows.
Timing the highs and lows are almost impossible and missing just a few of the best days in the market could reduce your returns greatly.
As we discuss in the episode, a stock market crash is a matter of WHEN, not IF. The stock market will crash - 100%. If we look back at history, there are regular dips, corrections and crashes. However, it is impossible to predict this WHEN.
Hopefully this episode can help to provide some comfort to long term investors.
Listen to the episode for the full details.
-----------------------------------------
More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
-----------------------------------------
📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
Which ISA is best? That is the topic of today's episode.
First, we cover exactly what an ISA - or Individual Savings Account - is and break down how each of the 4 different types of adult ISAs actually work.
We then move into which ISAs are likely to be best to prioritise in certain situations.
Overall, and everyone's situation will be slightly different, Stocks & Shares ISA will give you the most 'profit' (most likely). This is because over the long term the gains and dividends can exponentially grow your wealth.
However, Lifetime ISAs (specifically Cash LISAs) are a fantastic vehicle to save for your first house deposit. And Cash ISAs can be useful in some specific scenarios, like if you will breach your personal savings allowance and have to be some tax on your savings interest.
Listen to the episode for the full details.
Timestamps:
0:34 - What is an ISA?
3:46 - Cash ISA
5:58 - Stocks & Shares ISA
7:37 - Innovative Finance ISA
8:26 - Lifetime ISA
13:06 - Why I don’t like S&S LISAs
17:19 - Which ISA to prioritise in specific situations?
20:25 - ISA allowance
21:21 - Which ISA is best
-----------------------------------------
More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
-----------------------------------------
📥 Get in touch: https://www.makingmoneysimple.co.uk/contact
Sammie from @upthegainsmoney joins me on this episode to discuss how we can achieve financial freedom.
It comes back to our 'FIRE number', the number we need to grow our investment pot to to then achieve financial freedom.
Which is why 'retirement' is a number and not an age.
Sammie introduces a concept called 'the gap'. We all have a gap and in order to reach financial freedom Sammie helps to explain a process of how we can close that gap and reach financial freedom quicker.
Listen to the episode for the full details.
Sammie @upthegainsmoney - https://www.instagram.com/upthegainsmoney/
Sammie's course - https://www.stockmarketschool.co.uk/
-----------------------------------------
More investing:
📝 Download my free investing guide to help you start investing - https://www.makingmoneysimple.co.uk/Free-Investing-Guide
📕 Get my book Stop Waiting, Start Investing (available as a physical, digital and audiobook) - https://www.makingmoneysimple.co.uk/swsi-book
-----------------------------------------
⚠️ Disclaimers: I am not a financial advisor and this does not represent financial advice, it is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. When investing, your capital is at risk and you may get back less than invested. Past performance does not guarantee future results.
-----------------------------------------
📥 Get in touch: https://www.makingmoneysimple.co.uk/contact